CITIC Limited, formerly CITIC Pacific Limited, is a holding company. Through its principal subsidiary companies, jointly controlled entities and associated companies, the Company is engaged in the special steel business, iron ore mining business, property investment and development business in the People’s Republic of China (PRC) and Hong Kong. The Company is controlled by CITIC Group Corporation which owns 58% of the Company’s shares. The Company’s subsidiaries include Daye Special Steel Co., Ltd., Korean Steel Pty Ltd, Shanghai Super Property Co., Ltd., Borgia Limited and Sunburst Energy Development Co., Ltd., among others.